Unless you have a very high maintenance tenant or tons of old plumbing/mechanicals you can do really well by having an 'emergency list' of really good handymen, plumbers, hvac tech, etc.

My focus areas include multifamily properties, buy-and-hold strategies, and fix-and-flip projects in emerging markets.I'm seeking advice from experienced investors in this community regarding promising states and cities for multifamily investments, fix-and-flip opportunities, and buy-and-hold strategies.

Are you ready to deal with tenants, handle emergency repairs, and manage the day-to-day running of the property?

I like a HELOC for an emergency fund, as well. 

In the mid-2000's, we saw Tulsa's emerging real estate market and had the opportunity to expand into the market where we have formed our division, TMC Property Management. 

It is not our job to subsidize family emergencies or let someone buy a home when they already committed to a lease term.

This is where I can not tend to maintenance, or emergency calls from tenants.

Mitigate your risks, get educated, get some experience, then determine your targets for growth into emerging markets."

Flood is an emergency entry so while you should give notice you aren't required to wait.

When you buy, make sure to have at least 3 months of reserves for an emergency fund.